Houston, Texas -— Global spending in the hydrocarbon processing industry (HPI) is forecast to reach nearly $440 B in 2020, according to the editors of Hydrocarbon Processing, the downstream processing industry’s leading technical publication.
The HPI’s forecast was among one of the highlights of Hydrocarbon Processing’s 46th annual Forecast Breakfast. This event featured presentations on global and regional trends, regulations and initiatives that will shape spending in 2020 and beyond.
The event also marked the release of Hydrocarbon Processing’s HPI Market Data 2020, a 120-pg report that details the many factors that are shaping spending in each sector of the midstream and downstream industries, as well as a robust analysis on capital spending by every region and country around the world. HPI Market Data 2020 is the HPI’s most trusted forecast of capital, maintenance and operating expenditures.